The dollar was little changed yesterday, ahead of the release of FOMC meeting minutes later today. They are likely to reiterate comments that the US economy is steady, and that the current monetary policy stance is appropriate for now. Federal Reserve Chairman, Jerome Powell also previously said that the Fed would be prepared to react if the economy takes a turn for the worst.
Markets are also awaiting further news of US-China trade talks, after doubts were cast over whether a ‘phase one’ deal can be reached. President Trump repeated his threat to hike Chinese tariffs if there is no trade deal soon.
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